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Warren Buffett and his company Berkshire Hathaway increased their stake in DaVita Inc., a healthcare company specializing in kidney health and disease.
AMAZON-BERKSHIRE-JPMORGAN SANTÉ VENTURE, HAVEN, CLOSING IN FEBRUARY
According to a February 12 regulatory filing with the Securities and Exchange Commission, Berkshire Hathaway’s stake in DaVita now stands at 33% with a total of 36,095,570 shares. Berkshire Hathway remains the main shareholder of DaVita.
| Teleprinter | security | Latest | Change | % Change |
|---|---|---|---|---|
| BRK.B | BERKSHIRE HATHAWAY B | 245.28 | +2.82 | + 1.16% |
| DVA | DAVITA | 103.96 | -0.94 | -0.90% |
The move comes after Berkshire Hathway sold 2 million DaVita shares in September for $ 176 million, a price per share of $ 88, and just four days after DaVita reported fourth quarter net profit of 173 , 77 million dollars, or 1.50 dollars per share against 244.87 dollars. million, or $ 1.88 per share, a year ago.
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DaVita wasn’t the only one who got the financial thumbs up from the Oracle of Omaha.
| Teleprinter | security | Latest | Change | % Change |
|---|---|---|---|---|
| VZ | VERIZON COMMUNICATIONS INC. | 54.15 | -0.05 | -0.09% |
| CVX | CHEVRON CORP. | 93.06 | +0.49 | + 0.53% |
| SSP | EW SCRIPPS | 17.57 | +0.06 | + 0.34% |
A 13-F filing shows that Berkshire Hathway now owns 147.6 million shares of telecommunications giant Verizon at the end of 2020. The position is valued at around $ 8.6 billion and is the sixth largest position in the market. Berkshire wallet. Buffett’s giant holding company also bought 48.4 million shares of oil titan Chevron and 23.07 million shares of EW Scripps, the country’s fourth-largest local television broadcaster which also owns several cable services. and digital video in his portfolio.
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Berkshire also strengthened its positions in pharmaceutical companies AbbiVie, Bristol Myers Squibb and Merck, while selling all of its shares in Pfizer.
| Teleprinter | security | Latest | Change | % Change |
|---|---|---|---|---|
| ABBV | ABBVIE INC. | 104.23 | -0.30 | -0.29% |
| BMY | BRISTOL-MYERS SQUIBB | 59.40 | -0.59 | -0.98% |
| MRK | MERCK & CO. INC. | 74.25 | -0.75 | -1.00% |
| PFE | PFIZER INC. | 34.68 | -0.06 | -0.17% |
The company also left its positions in JPMorgan Chase and PNC Financial and reduced its position in Wells Fargo by about 58%, selling 74.95 million shares.
| Teleprinter | security | Latest | Change | % Change |
|---|---|---|---|---|
| JPM | JP MORGAN CHASE & CO. | 144.67 | +3.37 | + 2.38% |
| PNC | PNC FINL SVC | 169.87 | +7.41 | + 4.56% |
| WFC | WELLS FARGO & COMPANY | 34.77 | +1.25 | + 3.73% |
He also reduced his stake in Apple by 5.4% after selling 57.16 million shares.
| Teleprinter | security | Latest | Change | % Change |
|---|---|---|---|---|
| AAPL | APPLE INC. | 133.19 | -2.18 | -1.61% |
Apple still remains Berkshire Hathway’s largest stock portfolio, with a total of 907,559,761 shares worth around $ 120 billion at the end of 2020
Buffett also ended the investment in Barrick Gold Corp. Last August, the investment of over $ 500 million raised many eyebrows on Wall Street, as Buffett has rarely been a precious metal stimulus.
No sooner had Buffett bought the company than its share reached a 7-year high. Barrick stock closed slightly on Tuesday but is down more than 16% in the past three months.
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